Tesla Inc stated on Friday that its Chinese-built Model 3 cars would get state subsidies, a move that will significantly help the electric automaker’s push into the world’s biggest auto market. China’s industry ministry had previously stated Tesla’s Model 3 cars, being constructed at its $2 billion factory located in Shanghai, were on a list […]
American
GM and LG Chem to build $2.3 billion electric vehicle battery plant
General Motors and South Korea’s LG Chem stated on Thursday they will invest $2.3 billion to construct an electric vehicle battery cell joint venture plant in Ohio, forming one of the world’s largest battery facilities. The plant, to be constructed near GM’s closed assembly plant located in Lordstown in northeast Ohio, will employ over 1,100 […]
FCA challenges Italy tax agency concerning the value of U.S. business
Fiat Chrysler Automobiles (FCA) has challenged a claim by Italy’s tax officials over the valuing of its U.S. Chrysler business that could leave it with an unwanted tax bill just days prior to an expected key merger agreement with Peugeot owner PSA. On Wednesday, a source knowledgeable with the matter stated the Italian tax agency […]
UAW members recommend approval of Fiat Chrysler labor deal
Union members of United Auto Workers from Fiat Chrysler Automobiles NV’s U.S. plants on Wednesday recommended authorization of a tentative labor agreement that would permit the Italian-American automaker to prevent a strike as it collaborates to merge with France’s Groupe PSA. Fiat Chrysler (FCA) and PSA, the innovator of Peugeot and Citroen, in October declared […]
Elon Musk bought a car from a couple for nearly $1 million, which would later serve as inspiration for Cybertruck
In 1989, a couple from Long Island, New York paid about $100 for an unclaimed storage unit. It was a blind auction, which means neither they nor the seller had any idea what was inside the car. When the couple opened the unit, they were in for what could possibly be the surprise of their […]
Fiat Chrysler reaches provisional labor deal with UAW
Fiat Chrysler Automobiles NV and the United Auto Workers (UAW) union on Saturday declared a tentative agreement for a four-year labor contract, which is good for the automaker as it works to merge with France’s Groupe PSA. Fiat Chrysler and PSA had earlier announced a planned $50 billion merger to form the world’s fourth-largest automaker. […]
Lincoln electric SUV to use Ford-backed startup’s ‘skateboard’ chassis
A battery-powered Lincoln SUV, due in mid-2022, is going to be the first Ford Motor vehicle constructed on a custom electrified chassis that resembles a skateboard, that was developed by Ford-backed startup Rivian, according to several people knowledgeable with the program. The all-wheel-drive Lincoln SUV could rival against Rivian’s R1S, an electric sport utility vehicle […]
Electric cars won’t go mainstream until we fix these problems, says GM president
Mark Reuss is president of General Motors, who has written the following lines ins his recent article: The automotive industry is hurtling toward a future that will modify the transportation just like the electricity changed how we light the world. Electric and self-driving vehicles will modify the automotive landscape forever — it’s only a question […]
Fiat has started 90% of planned investments in Italy, says executive
Fiat Chrysler has already started 90% of the investments earmarked for Italy, the automaker’s COO for the EMEA region Pietro Gorlier stated on Monday. FCA – which is finalizing merger talks with France’s Peugeot owner PSA – announced in 2018 that it would invest 5 billion euros ($5.5 billion) in Italy up to 2021. The […]
Tesla has 200,000 orders for Cybertruck, says Musk
Tesla Inc CEO Elon Musk suggested in a tweet that the electric automaker received 200,000 orders for its electric pickup truck under three days of its introduction. Musk, who has been frequently tweeting about the Cybertruck’s features since its introduction on Thursday, has also been updating his followers with the number of orders the company […]
About 150,000 orders thus far for Tesla Cybertruck, says Elon Musk
Tesla CEO Elon Musk stated on Saturday that there have been about 150,000 orders thus far for the electric automaker’s Cybertruck, which was revealed on Thursday. “146k Cybertruck orders so far, with 42% choosing dual, 41% tri & 17% single motor”, Musk wrote in a tweet, noting separately that the orders were gained without any […]
General Motors’ electric pickup to hit dealer showrooms in 2021
General Motors’ first electric pickup truck model is set to go on sale in the fall of 2021, the company’s CEO, Mary Barra, stated. “General Motors understands truck buyers and … people who are new coming into the truck market,” Barra stated at an investor conference in New York on Thursday. “It will be a […]
Fiat Chrysler turns down General Motors lawsuit, sees Peugeot deal by year-end
Fiat Chrysler Automobiles NV on Thursday turned down a lawsuit from General Motors and stated it was sure about reaching a binding merger deal with Peugeot owner PSA Group by the end of 2019 to create the world’s fourth-largest automaker. General Motors submitted the lawsuit in the United States on Wednesday, accusing FCA of having […]
Fiat Chrysler to recall almost 700,000 SUVs due to electrical fault risk
Fiat Chrysler Automobiles NV stated on Thursday it is going to recall almost 700,000 sport utility vehicles worldwide due to a faulty electrical connection that could prevent engine starts or contribute to a stall. The recall, concerning 2011 through 2013 model year Dodge Durango and Jeep Grand Cherokee SUVs, is set to address silicon deposits […]
Elon Musk reveals Tesla’s Cybertruck, a ‘bulletproof’ electric pickup
Tesla CEO Elon Musk revealed the company’s electric Cybertruck Thursday, but an attempt to flaunt the truck’s strength hit a bump in the road. A sledgehammer was swung at the doors of the silver truck, with no actual effect. A video played on screens revealed a bullet striking it, and Musk stated, “It is literally […]
